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There hasn’t been this much risk since 2008

People are turning to alternative lenders that are not always as safe as banks.

Small business and consumers are open to a wider universe of lenders these days. This, as there has been a growth of non-financial lenders, and alternative lenders with a fin-tech offering. But one financial expert is warning that while competition in this space is potentially good for customers, he’s cautioning against seemingly more risk appetite among particularly newer lenders and warns that if left unchecked, we could have the makings of a possible credit crisis. To share his insights on this matter, Nompu Siziba speaks with Gary Palmer, the founder and CEO of Paragon Lending.

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